NOBL vs. SDY
Compare and contrast key facts about ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and SPDR S&P Dividend ETF (SDY).
NOBL and SDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NOBL is a passively managed fund by ProShares that tracks the performance of the S&P 500 Dividend Aristocrats Index. It was launched on Oct 9, 2013. SDY is a passively managed fund by State Street that tracks the performance of the S&P High Yield Dividend Aristocrats Index. It was launched on Nov 15, 2005. Both NOBL and SDY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOBL or SDY.
Key characteristics
| NOBL | SDY | |
|---|---|---|
| YTD Return | 11.38% | 13.42% |
| 1Y Return | 25.76% | 28.58% |
| 3Y Return (Ann) | 5.87% | 6.96% |
| 5Y Return (Ann) | 9.96% | 8.96% |
| 10Y Return (Ann) | 10.32% | 9.74% |
| Sharpe Ratio | 2.57 | 2.79 |
| Sortino Ratio | 3.64 | 3.95 |
| Omega Ratio | 1.46 | 1.51 |
| Calmar Ratio | 2.22 | 2.07 |
| Martin Ratio | 12.30 | 17.86 |
| Ulcer Index | 2.19% | 1.66% |
| Daily Std Dev | 10.49% | 10.61% |
| Max Drawdown | -35.43% | -54.75% |
| Current Drawdown | -3.20% | -3.09% |
Correlation
The correlation between NOBL and SDY is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NOBL vs. SDY - Performance Comparison
In the year-to-date period, NOBL achieves a 11.38% return, which is significantly lower than SDY's 13.42% return. Over the past 10 years, NOBL has outperformed SDY with an annualized return of 10.32%, while SDY has yielded a comparatively lower 9.74% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NOBL vs. SDY - Expense Ratio Comparison
Both NOBL and SDY have an expense ratio of 0.35%.
Risk-Adjusted Performance
NOBL vs. SDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and SPDR S&P Dividend ETF (SDY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
NOBL vs. SDY - Dividend Comparison
NOBL's dividend yield for the trailing twelve months is around 2.02%, less than SDY's 2.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.02% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.59% | 0.30% |
SDY SPDR S&P Dividend ETF | 2.39% | 2.64% | 2.55% | 2.63% | 2.85% | 2.45% | 2.73% | 4.69% | 3.30% | 6.20% | 4.74% | 3.95% |
Drawdowns
NOBL vs. SDY - Drawdown Comparison
The maximum NOBL drawdown since its inception was -35.43%, smaller than the maximum SDY drawdown of -54.75%. Use the drawdown chart below to compare losses from any high point for NOBL and SDY. For additional features, visit the drawdowns tool.
Volatility
NOBL vs. SDY - Volatility Comparison
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a higher volatility of 2.71% compared to SPDR S&P Dividend ETF (SDY) at 2.58%. This indicates that NOBL's price experiences larger fluctuations and is considered to be riskier than SDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.